Audit & Accounting

Consumer advocate Ralph Nader has written an article for his Web site chastising the CPA profession for standing by while Wall Street firms "used the latest tricks to cook the books."

Technology is supposed to make our lives easier – that is if we know what we’re using. With a variety of free tools on the market, it’s hard to decipher or find the time to investigate the best of the best. Nicholas Gaffney, a partner at Infinite Public Relations in San Francisco, offers a list of his firm’s top choices of collaboration and productivity tools for all generations.

The Public Company Accounting Oversight Board isconsidering making changes in the standards for audit confirmations after arecent wave of auditing scandals.

As the profession prepares for the transition to adoptingInternational Financial Reporting Standards, the Center for Audit Quality hasfired off a letter to the Securities and Exchange Commission offering a seriesof recommendations to improve the regulator's proposed IFRS roadmap.

At least one critic of the proposed changes inmark-to-market and fair value accounting rules is changing his tune and seeingsome positive signs in the final version.

The Texas Society of CPAs warned the Financial AccountingStandards Board that FASB's recently approved changes in fair value accountingstandards could damage the credibility of CPAs in general.

Deloitte will be able to proceed with a lawsuit against a former vice chairman the firm accuses of insider trading, a judge ruled.

The Financial Accounting Standards Board has publishedthe "final" versions of its three controversial FASB Staff Positionsto improve guidance and disclosures on fair value measurements.

The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

Seventy-five percent of finance professionals support the movement toward a single set of high-quality global accounting standards, according to a new survey by Deloitte.